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Power discount for six economic sectors to be funded by govt — TNB

The electricity rebate announced yesterday for six business sectors heavily impacted by the Covid-19 will be funded by the government, said Tenaga Nasional Bhd (TNB).

This will include contributions from the Electricity Industry Fund, the utility company said in response to inquiries by theedgemarkets.com.

TNB said the announcement of an Imbalance Cost Pass-Through rebate of two sen per kilowatt-hour (kWh) for all customers, including domestic customers, with monthly consumption of 300kWh and below will also be funded by the government in the same manner.

“The impact of the discount and the rebate is neutral on TNB as TNB’s electricity revenue will not be impacted. There will also not be any effect on TNB’s business operations and financial position,” the company said.

Prime Minister Tan Sri Muhyiddin Yassin announced yesterday that six business sectors nationwide — hotel operators, theme parks, convention centres, shopping malls, local airline offices, travel and tour agencies — would get a special discount of 10% on electricity bills from January to March.

Meanwhile, the two sen per kWh rebate was first announced on Dec 23, 2020 and will take effect from Jan 1 until June 30. This discount is equivalent to a reduction in electricity bills of up to 9%, Muhyiddin said yesterday.

Shares in TNB finished 0.98% or 10 sen lower at RM10.08 yesterday, valuing the company at RM57.5 billion. The counter saw 3.82 million shares traded.

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Three months’ free electricity bills for domestic low power users, RM77 discount for others

The Government has announced an additional RM942mil in discounts and rebates for domestic users’ electricity bills.

Energy and Natural Resources Minister Datuk Dr Shamsul Anuar Nasarah said the Bantuan Prihatin Elektrik Tambahan is on top of the existing discounts on Tenaga Nasional Bhd (TNB) electricity bills announced during the government’s economic stimulus package earlier.

In a press conference on Saturday (June 20), he said four million domestic consumers with electricity consumption of 300 kWh and below per month would enjoy free electricity for April, May and June 2020.

Domestic consumers with consumption of more than 300 kWh per month over the same period would get a discount of RM77 per month.

Shamsul Anuar also said the rebates would be reflected in the July bill.

Additionally, TNB also agreed to halt all electricity disconnection activity until Sept 30,2020.

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MCO: Understanding How Your Electricity Usage Is Calculated

With the Covid-19 movement control order (MCO), consumers may have some questions on how their electricity bills are being calculated by Tenaga Nasional Bhd (TNB). Here are the most frequently asked questions:

When did TNB suspend its meter reading activities?

All meter reading activities were discontinued from the start of the MCO on March 18, as part of the MCO guidelines, in order to ensure the safety of its customers and employees.

How was my bill calculated during this period?.

During the meter reading suspension period, electricity bills were calculated based on the previous month’s bill (prior to the MCO) as an estimate.

When will TNB resume meter reading operations?

TNB’s on-ground meter reading activities have since resumed in stages from May 15, following a billing and calculation process that has been reviewed and approved by the Energy Commission.

What does this mean for my electricity bill?

Say your total electricity usage for three months is 1050 kWh. This amount will be divided into 350 kWH a month, which is equivalent to RM102.80 a month. The amount customers have already paid based on the estimate bill will be deducted from the current, actual amount.

Are there any payment options?

TNB is giving customers an option to make installment payments through its Easy Payment Plan, but you can rest assured that you will only be charged for what you use.

Still have questions? For more information, visit www.tnb.com.my, contact the TNB Careline at 1-300-88-5454 or email tnbcareline@tnb.com.my. Alternatively, visit your nearest Kedai Tenaga

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How to Save Electricity During AidilFitri

  1. Turn off the lights. This is the simplest, most common way to save electricity, and it really works. Start paying attention to how many lights are on in your house at a given time. Be mindful of how many lights you really need to be using at once. When you leave a room, make a habit of turning off the lights, every single time.
  2. Embrace natural light. Open up your curtains and let the sun shine in! Using natural light whenever possible instead of relying on artificial light can greatly reduce the amount of electricity you use during the day.
  3. Change your bulbs. Replacing regular incandescent light bulbs with compact fluorescent (CFL) or LED bulbs is a big energy saver. Incandescent bulbs release 98% of their consumed energy through heat, while CFL and LED bulbs are much more energy efficient and last several times longer.
  4. Unplug any appliances that aren’t in use. Did you know that appliances that are plugged in keep using energy, even when they’re switched off? Even an appliance as small as a coffee pot continues slowly sapping energy every moment it stays plugged in, long after the last cup of coffee has been consumed.
  5. Use the air conditioner less frequently. Sometimes it’s unavoidable to use the air conditioner, but there’s no reason to have it on from the beginning of spring to the end of the summer without ever turning it off. Find other ways to cool yourself down when possible.
  6. Use less hot water. Heating water takes a lot of energy. It’s not necessary to take cold showers, but being mindful of how much hot water you use, and how the water is being heated, can save a lot of electricity and money.

Extra Tips: Replace old appliances with energy-saving models. When older appliances were manufactured, companies weren’t as concerned with saving electricity. Newer models are designed to conserve energy, reducing your household costs and lowering your carbon footprint.Look for “Energy Star” ratings on new appliances. The more stars it have the more it save energy.

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TNB To Offer Discounts for Electricity Bills for Six Months

On February 27, 2020, the RM20 billion Economic Stimulus Package (ESP) was launched and decided to give:

6-month discount of 15% for the six sectors identified as being most affected by the impact of COVID-19 – hotels operators, travel agencies, local airlines offices, shopping malls, convention centers and theme parks.

6-month discount of 2% to all residential, commercial, industrial and specific agriculture excluding the 6 sectors mentioned above.

The discount mention as above will be effective over a six (6) month period of electricity consumption from 1 April 2020 to 30 September 2020.

Furthermore, TNB has suspended disconnections during the MCO period. Customers who encounter financial hardship may engage TNB to establish feasible payment plan post MCO.

Read more at: https://www.tnb.com.my/announcements/tnb-initiatives-to-help-combat-covid-19